This past week in gold
GLD - on sell signal.
SLV - on sell signal.
GDX - on sell signal.
XGD.TO - on sell signal.
Since topping in March, both buy and sell signals have failed to establish a trend, thus resulting in the current multi month consolidation. We continue to stay neutral.
*** For this weekend only, sector reports on metals, energy, and the broad market can be emailed to you upon request, with no obligations and no future solicitations as we do not keep your email addresses on file. Send request to: email@example.com
The gold sector is in a bull market, therefore, sell signals are signals to exit and not signals to sell short. In a bull market, we wait for buy signals and set ups to initiate or accumulate positions.
End of update